AUGUSTA, Me. – Credit unions will partner with the state’s MaineHousing agency in a new program to aid first-time homebuyers with cash incentives of up to $5,500.
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When combined with federal tax credits, total incentives through the ‘Gift of Green’ program could be as much as $15,000.
The Gift of Green offers: A grant of up to $5,000, not to exceed 4% of the loan amount, to help with the cash required for the down payment and other closing expenses; and a coupon of up to $500 for a pre-weatherization and post weatherization home energy audit. Income and home price limits are listed at www.mainehousing.org, along with all participating lenders.
Gift of Green loans will be made on a first-come, first-served basis while funds last.
